Kong Wen Wei Po News (By Leong Yuet Kam)
First hand projects compete to into the market as property suit to first housing people is in hot sale. Yesterday, Rykadan Capital Limited's PASEO in Kwun Chung St 7 Tsim Sha Tsui published to launch the first batch 30 units at market price with discounts in 10% the most, and 222 sq ft unit is HKD 4.388 million the lowest after discount. Registration for Henderson's Ma On Shan Double Cove Grandview first batch 100 units closed yesterday noon, and 619 registrations were received , exceeding 5.2 times than the quota, Henderson General Manager of Sales Department One Lam Tat Man expressed. Besdies, 3 units of room 09 from 28th floor to 30th floor block 5A in Sun Hung Kai's Century Link and 3 units in 29th floor block 1 from Cheung Kong's Stars By The Harbour in Hung Hom will be put on sale by bidding.
PASEO first batch 30 units' pricing is cheaper than of The Austine Place in same district, Rykadan Capital Limited director Hung Ying Wai described yesterday. The usable areas of these 30 units are from 210 sq ft to 222 sq ft and at sale prices from HKD 4.876 million to HKD 6.423 million with the highest discount in 10%, leading the discounted average sq ft price at HKD 24,179, which is 10% lower than the discounted average sq ft price of about HKD 27 thousand in the latest price list of nearby project The Austine Place. Some furnitures will be attached when hand over. The cheapest is room C in 3rd floor, which is HKD 4.388 million after discount base on usable area of 222 sq ft, with sq ft price at HKD 19,766. This project will be put on sale within this month, and the sale arrangement will be published in short term, also they are considering to let buyer who want to buy 3 units in same layer to choose first, Hung Ying Wai hoped.
Open style design; Presale term is 19 months.
PASEO is the first residential project of the company, so they invited Leong Chi Tin to make the interior design, and hope it can be sold out quickly, Rykadan Capital Limited chairman and chief executive officer Chen Wai Lun expressed. All 66 units are in open style design, and the presale term is about 19 months. In these years, small-medium residence is popular, plus with second hand property owners are reluctant to sell, so users who have actual housing demand are try best to search quality small-medium property with convenience transportation, Ricacorp Properties President Liao Wai Keung expressed.
Double Cove Grandview gained registrations exceeding quota by 5.2 times.
As for other new projects, registration for Henderson's Ma On Shan Double Cove Grandview first batch 100 units closed yesterday noon, and house selection will start this night. 619 registrations were received , exceeding 5.2 times than the quota, Henderson General Manager of Sales Department One Lam Tat Man expressed. Applicants are mostly users, and about 10% are lessors, while mainland customers take less than 20%. Stock market crashes again helps investors to turn to property market, and recently RMB depreciation also make people holding RMB want to buy property in HK dollar, leading the ratio of mainland buyer increases, Lam Tat Man believed.
Century Link II will publish the prices of first batch 200 units soon.
Century Link II will open the price of the first batch about 200 units days later; The sample units of Century Link and Century Link II may be opened to public on Sunday or next Monday, the vice managing director of Sun Hung Kai Lui Ting expressed yesterday. Currently Century Link still has about 32 units available, and 3 units in room 09 from 28th floor to 30th floor in block 5A Century Link will be put on sale by bidding, which will close at 6 pm 31st August.
3 units from Stars By The Harbour will be put on sale by bidding.
Cheung Kong Stars By The Harbour in Hung Hom also will put on sale its 3 units in 29th floor block 1 by bidding, which will close at 5 pm 24th August, and this project has sold 3 units in 28th floor block once at more than HKD 114 million in earlier, so it is believed the transaction price of current units will above the form.
Kowloon Development marketing and sales department manager Yang Chung Wing expressed, Hung Hom UPPER EAST will be put on sale the beginning of next month at the soonest, and the first batch will be about 200 units. The brochure hopefully will be uploaded within this week, and they will open sample unit and publish prices next week at the soonest, besides the prices will refer to house price in Huangpu, he said. Until now more than 1,000 inquiries have registered, and they are considering to reserve about 30% units for renting since the group looks good to renting return.
New World The Woodsville in Yuen Long sold D3 garden villa yesterday at HKD 18.754 million including two parking spots, and its usable area is 1,902 sq ft. Same series same district The Woodside will put on sale 3 garden villas H2, H3 and H6 at 11 am today in The Woodside sales office where is shop 17 the 3rd floor Discovery Park shopping mall by draw lots. Source pointed, The Woodsville and The Woodside totally have sold 317 units, which take 95%, besides all the floor style low density units have sold out, and 20 garden villas are sold, there into The Woodsville sold 18 garden villas and rented out 4. In addition The Woodside sold 2 villas taking in more than HKD 2.1 billion.
